Tax preparation season is in full swing.Last week was the first day when 2021 returns could be filed with the IRS. Employers, custodians and other groups were supposed to issue W-2s and 1099s by Jan. 31, although some people are still waiting. Often, brokerage statements are the last to arrive ...
Many people are trying to figure out what is happening in the economy.January was a tough month in the stock market. The S&P 500 dipped briefly into correction territory. This is described as at least a 10% drop from recent highs. It ended down 5.3%, the biggest decline since in ...
This week we are going to discuss Social Security.It is one of the most important retirement assets for many people. You started paying into the system when you got your first job. Your employer made a matching contribution. If you are self-employed, you must pay both shares.Many people ...
The last two weeks we discussed some issues that would be a good place to make 2022 a better financial year: increasing the amount of emergency money available and reducing debt to improve your credit score.This week we will look at some things you can do if you have not saved enough for ...
Last week, we discussed the importance of having sufficient emergency funds and a simple way to save for them.This week we will discuss another critical area: debt and credit scores. Interest rates are currently at historic lows and are about to start rising. If you still have a mortgage, it ...
We enter 2022 in a much different financial environment than we had been experiencing.Inflation is at a 40-year high of about 6%. The FED has announced the end of quantitative easing and rising interest rates, which will reduce large amounts of liquidity in the economy.Inflation is often ...
